COMMONWEALTH BANK OF AUSTRALIA The following statement has been released in relation to ASIC announcing today two fines for historical process issues that were addressed.
Paul Rayson, CommSec Managing Director said:
'We acknowledge and regret these process errors. There were no losses to customers and the errors have now been rectified. We notified relevant customers and no complaints or issues have been raised.
'Our customer and regulatory responsibilities are of paramount importance, and we have worked collaboratively with ASIC on these matters since notifying the regulator in 2013.
'We are fully committed to providing secure and convenient services to our customers.'
Click hereto see the full announcement from ASIC.
Commonwealth Bank of Australia published this content on 01 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 September 2016 15:50:12 UTC.
Original documenthttps://www.commbank.com.au/content/shared/newsroom/2016/09/CommSec-statement-regarding-ASIC-fines.html
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